120-122 High Street, Kings Heath, Birmingham, B14 7LG

A Commercial Investment opportunity in Kings Heath

Property details

Type Investment, Retail
Tenure The property is freehold subject to a Lease to Wilko Retail Ltd. The lease is on a full repairing and insuring basis.
Price Guide Price - £1,100,000 +
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Features
  • A Freehold commercial investment opportunity, let to Wilko Retail Limited at a passing rent of £135,000 per annum
  • Prime High Street location
  • Close to numerous national retailers
Location
The property occupies a very prominent position on the corner of High Street and Silver Street within the prime retail pitch close to the Asda supermarket. Major multiple retailers within the immediate vicinity include, Boots, WH Smith, Superdrug, Argos and Poundland. It is also situated close to one of Kings Heath’s main car parks in Institute Road. Kings Heath is a popular residential suburb of Birmingham located approximately 4 miles (6km) south of the City Centre, 25 miles (40km) north of Worcester and 20 miles (32km) west of Coventry. The town lies within 5 miles (8km) from Junction 3 of the M42, which in turn links to the M40 (Junction 3A), the M5 (Junction 4A) and the M6 (Junction 7A).
Description

The property comprises a substantial purpose-built corner retail unit extending to some 3,114 sq. ft. ( 289.40 sq.m.), fitted out to the current tenant’s (Wilko Retail Ltd) corporate branding. The property is situated in a prime position within the heart of Kings Heath High Street and its bustling retail centre.

Accommodation
Ground Floor: 3,114 sq.ft. ( 289.40 sq.m.)
We have not undertaken a measured survey of the premises and interested parties may wish to seek their own verification of floor areas and dimensions.
Price
Guide Price - £1,100,000
Tenancy
The property is let to Wilko Retail Ltd on a 15 year lease from 4/1/2008, expiring 3/1/2023 at a passing rent of £135,000 pax. Wilko have traded very successful from this location for a considerable number of years.
EPC
Available upon request.
Anti Money Laundering
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful Purchaser.

Agents Note :
A member of Bond Wolfe has a vested interest in this property.